Thor Industries (NYSE:THO) Stock Price Target Lowered at Citigroup

Key Points

• Citigroup lowered Thor Industries’ price target to $70 from $76 while maintaining a neutral rating; the new target implies roughly 7.5% upside from the prior close.
• Analyst sentiment remains cautious, with three Buy, ten Hold, and one Sell rating, producing a consensus Hold rating and average price target of $85.
• Thor’s latest quarter showed pressure on profitability: EPS came in at $0.78 versus $0.88 expected, while revenue fell 8.4% year over year to $2.31 billion. Zacks also reduced several 2027 earnings estimates, signaling softer anticipated profitability.

Thor Industries (NYSE:THO - Get Free Report) had its target price decreased by research analysts at Citigroup from $76.00 to $70.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a "neutral" rating on the RV manufacturer's stock. Citigroup's price objective indicates a potential upside of 7.46% from the company's previous close.

Several other equities research analysts also recently weighed in on the company. Bank of America lowered their price target on Thor Industries from $96.00 to $86.00 and set a "buy" rating for the company in a report on Monday, September 21st. Wall Street Zen downgraded shares of Thor Industries from a "hold" rating to a "sell" rating in a report on Saturday, September 19th. Roth Capital restated a "neutral" rating and set a $74.00 price objective on shares of Thor Industries in a report on Wednesday, September 23rd. Truist Financial increased their price objective on shares of Thor Industries from $80.00 to $87.00 and gave the company a "hold" rating in a research report on Thursday, October 8th. Finally, DA Davidson lowered their target price on shares of Thor Industries from $100.00 to $80.00 and set a "neutral" rating for the company in a research note on Monday, June 15th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Thor Industries has an average rating of "Hold" and an average target price of $85.00.

Thor Industries Stock Up 1.8%

Shares of Thor Industries stock traded up $1.18 during trading on Tuesday, reaching $65.14. The company's stock had a trading volume of 814,231 shares, compared to its average volume of 720,440. The company has a quick ratio of 0.85, a current ratio of 1.77 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 19.22, a P/E/G ratio of 0.87 and a beta of 1.43. Thor Industries has a 1-year low of $62.83 and a 1-year high of $122.83. The company has a 50-day simple moving average of $73.99 and a two-hundred day simple moving average of $75.80.

Thor Industries (NYSE:THO - Get Free Report) last announced its earnings results on Tuesday, September 22nd. The RV manufacturer reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.10). Thor Industries had a return on equity of 3.76% and a net margin of 1.85%. The business had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter last year, the firm earned $2.36 earnings per share. The firm's quarterly revenue was down 8.4% compared to the same quarter last year. As a group, equities analysts forecast that Thor Industries will post 4.12 earnings per share for the current year.

Hedge Funds Weigh In On Thor Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Thor Industries by 108.0% during the 3rd quarter. GAMMA Investing LLC now owns 6,487 shares of the RV manufacturer's stock valued at $448,000 after purchasing an additional 3,368 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Thor Industries by 865.7% in the 3rd quarter. Versant Capital Management Inc now owns 985 shares of the RV manufacturer's stock valued at $68,000 after purchasing an additional 883 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Thor Industries by 32.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,310 shares of the RV manufacturer's stock valued at $850,000 after purchasing an additional 2,795 shares during the period. Triad Investment Management boosted its holdings in Thor Industries by 10.9% during the second quarter. Triad Investment Management now owns 51,900 shares of the RV manufacturer's stock worth $3,901,000 after buying an additional 5,088 shares in the last quarter. Finally, Waverly Advisors LLC boosted its holdings in Thor Industries by 4.4% during the second quarter. Waverly Advisors LLC now owns 6,431 shares of the RV manufacturer's stock worth $483,000 after buying an additional 271 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company's stock.

Thor Industries News Roundup

Here are the key news stories impacting Thor Industries this week:

• Positive Sentiment: Zacks issued a preliminary FY2029 EPS forecast of $6.15, suggesting potential long-term earnings growth for the RV manufacturer. However, no rating upgrade accompanied the forecast.
• Positive Sentiment: An RV industry event highlighted a “chassis to classy” collaboration involving THOR, Genesis and Lippert, offering some visibility for the company’s brands and industry partnerships. RVWA Touts Chassis to Classy with Genesis, THOR, Lippert
• Neutral Sentiment: A separate Zacks report said it raised earnings estimates for Thor Industries, but the available report does not provide the specific revisions, making the positive implication difficult to assess. Zacks Research Raises Earnings Estimates for Thor Industries
• Neutral Sentiment: Thor Industries was the subject of a critical review and recently reached a new 12-month low, underscoring investor concerns about valuation and the RV market outlook. Critical Review: Gogoro and Thor Industries Thor Industries Hits New 12-Month Low
• Negative Sentiment: Zacks cut EPS estimates for Q1 2027 to $0.36 from $0.45, Q2 2027 to $0.21 from $0.31, Q3 2027 to $1.77 from $1.96, and FY2027 to $3.67 from $3.86. Estimates were also reduced for Q1 2028 and Q3 2028, indicating softer expected profitability across multiple periods.
• Negative Sentiment: The revisions add to existing fundamental pressure: Thor’s latest reported quarter missed EPS expectations, while revenue declined 8.4% year over year. The company’s current full-year consensus EPS estimate remains $4.12.

Thor Industries Company Profile

Thor Industries, Inc is a recreational vehicle (RV) manufacturer headquartered in Elkhart, Indiana. The company designs, manufactures, and sells towable and motorized RVs, including travel trailers, fifth wheels, conventional motorhomes, and touring coaches. Its products are marketed for vacation travel, camping, and other forms of recreational use.

Thor's North American portfolio includes well-known brands such as Airstream, Jayco, Keystone, Dutchmen, and CrossRoads. Airstream produces premium travel trailers and touring coaches, while the company's other brands serve a broad range of customers and price points across the RV market.

Thor also operates internationally through the Erwin Hymer Group, a major European recreational vehicle platform.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.